Variables Reduction in Sequential Resource Allocation Problems

Autor: Tiziano Vargiolu, Juri Hinz
Jazyk: angličtina
Rok vydání: 2020
Předmět:
Zdroj: Applied System Innovation
Volume 3
Issue 2
Applied System Innovation, Vol 3, Iss 21, p 21 (2020)
ISSN: 2571-5577
DOI: 10.3390/asi3020021
Popis: This paper presents a general framework to address diverse notoriously difficult problems arising in the area of optimal resource management, exploitation of natural reserves, pension fund valuation, environmental protection, and storage operation. Using some common abstract features of this problem class, we present a technique which provides a significant reduction of decision variables. As an application, we discuss a battery storage control to show how a decision problem, which is practically unsolvable in the original formulation, can be treated by our method.
Databáze: OpenAIRE